(Editor's Note. On Sept. 30, 2020, after this story was published GCash said transfer fees were moved to Nov. 1 instead of Oct. 1 as earlier announced)
Mobile wallet application GCash has released the final list of additional service fees users need to pay starting Oct. 1 for digital transactions.
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What transactions will charge service fees?
Cashing in amounts of P8,000 or higher over the counter will be charged with a 2% transaction fee. Bank transfers will be charged P15 per transaction. Cash outs and withdrawals will face a P20 transaction fee for Mastercard, and P20 or up to P1,000 for over-the-counter cash outs.
What's still free?
Cashing in via BPI, Unionbank, Paypal, and Payoneer will remain free. Cash in done over the counter will still be free, but take note that users are only allowed P8,000 per month. Anything beyond that amount will be charged a fee.
GCacsh to GCash transactions will still be free, along with in-app services such as buying load, splitting the bill with friends, paying via QR code, shopping online, requesting and saving money, and booking movies.
Paying bills will still be free, but the Gcash advisory said some billers may charge a convenience fee. Receiving international remittances will be spared from the service fee as well.
